GLS at Bernam Street

GLS at Bernam Street

Under the confirmed list
of the first half 2019 Government Land Sales (GLS) Programme, revealed the Urban
Redevelopment Authority (URA), a residential with commercial at first storey
site at Bernam Street was launched for sale on Thursday (30 May)

Given a total of an area
size of 3,846.2 sq m, the 99-year leasehold site has a maximum gross floor area
of 28,001 sq m with potential yield of 325 housing units all of which are
housed into maximum building height of 35 storeys for the high-rise zone, 20
storeys for the mid-rise zone and four storeys for the low-rise zone. How will
this affect the price of the surrounding new condo, new condominium.

The site is situated
within the Anson precinct well within the precinct earmarked for the URA
planned concept for an area where there is 24/7 vibrant mixed-use urban
neighbourhood with live-in communities supported by amenities in this part of
“Tanjong Pagar area of the central business district (CBD).

Public commuting and its
convenience is greatly enhanced by the existing nearby Tanjong Pagar MRT
station as well as the upcoming Prince Edward Road MRT Station. More it has
good and efficient accessibility via major roads such as Anson Road and Keppel
Road as well as expressways like Marina Coastal Expressway and Ayer Rajah
Expressway.

According to URA, “the
site is envisaged to be developed into a high-quality residential development
with attractive and delightful public space to inject vibrancy at street
level,”.

“The future development
will offer opportunities for city-living, providing easy access to employment
within the CBD, as well as vibrant lifestyle offerings and amenities.”

Closing date for the
tender of the Bernam Street site is on 5 September which will also be batched
with the site at Tan Quee Lan Street launched in March.

Latest updates on new
residential projects : Haus on Handy,
One Pearl Bank